My husband has had a Trust Deed since 2015. This continues till June 2020. The last year is supposedly to cover his share of the mortgage. He pays £200 per month to a company in Manchester. Our endowment mortgage matures next month and his trustee is set to take half the proceedings. I will then be left to cover the loss or lose my house after 25 years. Has anyone any idea what to do? I called 7 Edinburgh solicitors last week and none knew how to help. The Deed is in his name only and I have paid all mortgage payments and endowment premiums myself. His signature is on the mortgage which is what the main issue is. I see by other forum posts he maybe should have had a second opinion at the start of the trust deed, but now its well past that point.
Welcome to the trust deed forum fatimahauck.
I'm hoping you could answer a couple of questions so that we can understand a little more about this situation.
You've mentioned the joint mortgage, but is your husband also legally named as a joint owner of the property and on the endowment policy?
Was the trustee made aware about this endowment policy when your husband entered the trust deed?